Securitize and Ethena launch EVM-compatible blockchain Converge
According to online reports, Securitize and Ethena, which work closely with BlackRock money market fund BUIDL, announced the launch of the EVM-compatible institutional DeFi blockchain Converge, which aims to accommodate tokenized assets and provide institutional investors with decentralized finance (DeFi) innovations. According to Guy Young, founder of Ethena, new products provided by Securitize will be deployed on the blockchain, opening up new use cases. In addition, due to EVM compatibility, it can run Ethereum-based smart contracts, dApps and tools without modification.
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